No Fiscal Cliff – Obama and Senate Republicans Strike a Deal

Fiscal Cliff Avoided Obama Strikes a Deal

The Washington Post is reporting that President Obama and Senate Republicans have reached a deal. Looks like we won’t be going over the fiscal cliff after all.

According to the Washington Post, the deal was made late Monday. Said the Post, “Vice President Biden arrived at the Capitol just after 9 p.m. to explain the details of the pact he negotiated with Senate Minority Leader Mitch McConnell (R-Ky.). A Senate vote on the package could be held by 10:30 p.m., beating a midnight deadline, Democratic aides said. The Republican-controlled House will begin considering the bill on Tuesday, with a final vote expected in the next day or two. The agreement emerged after White House officials gave in on the last contested issue, yielding to GOP wishes on how to handle estate taxes, aides said.”

Up until this breaking news, President Obama maintained that a deal was “within sight” but most thought congress would be unsuccessful. Adding to the certainty that we’d get no deal was that the House Republican leaders had announced that they would hold no votes on Monday night so most believed the nation would go over the fiscal cliff.

The story broke a little after 9:30 Eastern time with Vice President Biden emerging with a smile. More on this as the story unfolds.

Posted on December 31, 2012

DISCLAIMER: The opinions expressed here are those of the individual contributor(s) and do not necessarily reflect the views of the LA Progressive, its publisher, editor or any of its other contributors.

About Sharon Kyle

Sharon Kyle, J.D. is the Publisher of the LA Progressive which she co-founded with her husband Dick Price. Ms. Kyle is a professor of law at Peoples College of Law in Los Angeles. She sits on the union board of the ACLU of Southern California and is on the editorial board of the BlackCommentator.com. Ms. Kyle is the proud mother of a teacher and an attorney and proud step-mom of a premed student.

LGBT Rights

Irene Monroe: Long before June officially became Gay Pride Month, and October “Coming Out Month” for the LGBTQ community, Halloween was unofficially our yearly celebrated “holiday,” dating as far back at the 1970s when it was a massive annual street party in San Francisco’s Castro district.

The Middle East

Richard Greeman: Anti-government demonstrations spread across Morocco after social media spread the story of Mousine Fikri, a fishmonger crushed to death inside a garbage truck as he tried to block the destruction of a truckload of his fish confiscated by police.